Egypt's GASC gets offers in wheat tender Sept. 12, 2018

Traders said the following offers were submitted to GASC in the tender on Wednesday, September 12, for October 25-November 4 delivery: (USD/MT, FOB):

• Daewoo:
  
  • 55,000 MT of Russian wheat at 222.70 $/mt fob
  • 60,000 MT of Russian wheat at 223.25 $/mt fob
• Alegrow: 60,000 MT of Russian wheat at 223.23 $/mt fob
• Aston:
  
  • 60,000 MT of Russian wheat at 223.75 $/mt fob
  • 60,000 MT of Russian wheat at 227.50 $/mt fob
• Glencore:
  
  • 55,000 MT of Russian wheat at 225.25 $/mt fob
  • 55,000 MT of Russian wheat at 227.50 $/mt fob
• Cargill: 55,000 MT of Russian wheat at 226.50 $/mt fob
• ADM: 60,000 MT of Russian wheat at 227.35 $/mt fob
• GTCS:
  
  • 60,000 MT of Russian wheat at 229.00 $/mt fob
  • 60,000 MT of Russian wheat at 231.00 $/mt fob
• Louis-Dreyfus: 60,000 MT of Ukrainian wheat at 230.00 $/mt fob

The best offers on C&F basis was as follows (USD/MT, C&F):

1. Alegrow: 60,000 MT of Russian wheat at 223.23+16.92=240.15 $/mt c&f
2. Daewoo: 60,000 MT of Russian wheat at 223.25+16.92=240.17 $/mt c&f
3. Daewoo: 55,000 MT of Russian wheat at 222.70+17.83=240.53 $/mt c&f
4. Aston: 60,000 MT of Russian wheat at 223.75+16.92=240.67 $/mt c&f
5. Glencore: 60,000 MT of Russian wheat at 225.25+17.58=242.83 $/mt c&f